I would say we'll probably see $70 (a barrel) again before we see $50 or $55 even. When the dust settles, we'll see that while Rita did not match Katrina in terms of impact, it significantly exceeded what's been reported. - Fadel Gheit Quotes
I would say we'll probably see $70 (a barrel) again before we see $50 or $55 even. When the dust settles, we'll see that while Rita did not match Katrina in terms of impact, it significantly exceeded what's been reported. Fadel Gheit
 

More - Fadel Gheit Quotes

We're not likely to see oil prices going lower until there's resolution on the Iraqi front, - Fadel Gheit Quotes

We're not likely to see oil prices going lower until there's resolution on the Iraqi front,

Fadel Gheit

 
There is speculation that Texaco would be the next takeover target, but on fundamentals, Texaco is a very cheap stock, very high leverage to both oil prices and gas prices and both moving higher, - Fadel Gheit Quotes

There is speculation that Texaco would be the next takeover target, but on fundamentals, Texaco is a very cheap stock, very high leverage to both oil prices and gas prices and both moving higher,

Fadel Gheit

 
One million barrels is nothing, it's like a rounding error, ... One vessel could arrive tomorrow carrying one or two million barrels of crude. - Fadel Gheit Quotes

One million barrels is nothing, it's like a rounding error, ... One vessel could arrive tomorrow carrying one or two million barrels of crude.

Fadel Gheit

 
Right now it's a squeeze play for oil industry, ... But if they can get by from here to February, I think the coast is clear. - Fadel Gheit Quotes

Right now it's a squeeze play for oil industry, ... But if they can get by from here to February, I think the coast is clear.

Fadel Gheit

 
The only option for these companies is to merge and seek yet more job cuts and savings. - Fadel Gheit Quotes

The only option for these companies is to merge and seek yet more job cuts and savings.

Fadel Gheit

 
A rise in oil prices is not good news for the equity market or the economy. - Fadel Gheit Quotes

A rise in oil prices is not good news for the equity market or the economy.

Fadel Gheit

 Economy
The drop in prices is long overdue, - Fadel Gheit Quotes

The drop in prices is long overdue,

Fadel Gheit

 
Politicians can flip in no time, depending on where the political wind is blowing. The company is concerned and doing the right thing by educating the public. - Fadel Gheit Quotes

Politicians can flip in no time, depending on where the political wind is blowing. The company is concerned and doing the right thing by educating the public.

Fadel Gheit

 Company
With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia. - Fadel Gheit Quotes

With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia.

Fadel Gheit

 
I think Exxon would probably have to sweeten the deal with some cash, but Exxon stock is an extremely good currency for Mobil shareholders to hold. - Fadel Gheit Quotes

I think Exxon would probably have to sweeten the deal with some cash, but Exxon stock is an extremely good currency for Mobil shareholders to hold.

Fadel Gheit

 
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